FX Wahala: ATM Cash Withdrawal Restrictions in African Countries

Pages: [1] Go Down

Topic: FX Wahala: ATM Cash Withdrawal Restrictions in African Countries (Read 9750 times)

0 Members and 1 Guest are viewing this topic.

FX Wahala: ATM Cash Withdrawal Restrictions in African Countries

« on: April 03, 2016, 10:46:04 AM »

Naira denominated cards are no longer permitted for cash withdrawals in all African Countries except Nigeria.

Only POS and Web transactions will be allowed in these environments.

In addition the Dynamic Currency Conversion (DCC) transaction that allows caedholders to be charged in Naira abroad has also been restricted on all Naira denominated cards. You are hereby advised to transact in the currency of your location.

- This was from Firstbank...im sure it will be same for all banks soon.

Logged

Pages: [1] Go Up

« previous next »

Related Topics

Subject / Started by	Replies	Last post
CBN Cashless Policy Goes Nationwide July 1, gives waivers on cash withdrawal Started by flukky01 Events, Entrepreneur & Money Matters	0 Replies 3675 Views	June 25, 2014, 10:58:46 AM by flukky01
CBN faults banks on ATM cash withdrawal limits Started by clowntom Newspaper Board	0 Replies 2858 Views	August 12, 2015, 01:01:09 AM by clowntom
Ghana to begin exportation of petroleum to Nigeria & other African countries as it aims to dominate West African distribution market Started by linda TV/Celebrity Events/Fashion	0 Replies 5355 Views	October 07, 2016, 01:00:37 PM by linda
YULETIDE: Cash Crunch Hits Banks As Long Queues Exacerbate Withdrawal Started by flukky-2 Newspaper Board	0 Replies 2205 Views	December 23, 2016, 01:02:02 PM by flukky-2
Overnight lending doubles on CBN cash withdrawal Started by olutee Newspaper Board	0 Replies 2227 Views	February 18, 2017, 07:03:16 PM by olutee
Policemen At Agbowa-Ikosi Direct Woman To POS Point, Arrest And Extort N10,000 From Her After Cash Withdrawal Started by sahara Newspaper Board	0 Replies 1525 Views	April 10, 2020, 01:07:31 AM by sahara
Statement on the remarkable progress made by several African countries as part of the Partnerships for African Vaccine Manufacturing (PAVM) Started by PulseNG General News	0 Replies 2755 Views	July 14, 2021, 01:11:22 AM by PulseNG
Customers groan as cash-strapped banks slash withdrawal limits Started by olutee Newspaper Board	0 Replies 1744 Views	December 22, 2021, 01:12:36 PM by olutee
Suspend Implementation Of Cash Withdrawal Policy, Reps Tell CBN Started by flukky-2 Newspaper Board	0 Replies 1680 Views	December 09, 2022, 07:01:53 AM by flukky-2
We may adjust cash withdrawal limits but policy won’t be reversed — Emefiele Started by flukky-1 Newspaper Board	0 Replies 1566 Views	December 10, 2022, 07:01:53 AM by flukky-1